The Swift Report – Protected Disclosure Number 2 (of many).

Before each of my disclosures I need to make the following declaration. DECLARATION: For the record and avoidance of doubt I am a former Director of Lloyds Banking Group (LBG). I worked on the very trading floor where these toxic IRHP’s (Interest Rate Hedge Products) were traded and sold to Continue Reading

BBRS Spin & the Stephen Pegge reality

The BBRS spin machine is once again in full overdrive, evidenced by their promotion of an article published today in The Times. https://www.thetimes.co.uk/article/bank-complaints-how-to-use-the-business-banking-resolution-service-3cb902p2z It urges SME’s not to ‘self-exclude.’ I know of none that have, but also understand why so many have reservations and concerns. There are so many flaws, Continue Reading

Sajid Javid, FSA/FCA, HMT and the betrayal of 5,000 UK Businesses. What did Bailey and Glen know?

A year ago on February 13th 2020, Sajid Javid resigned as Chancellor of the Exchequer, the most powerful financial position in the UK Government. He claims that his resignation was out of loyalty to his staff. I do not neccessarily believe that the truth is not rather different, and related Continue Reading

To be or not to be ‘Sophisticated’. That is the question.

On May 20th 2015 the NYDFS (New York Department of Financial Services) fined Barclays $2.4 billion for a variety of wrongdoing in FX, and forced by the U.S. Department of Justice (DOJ) to plead guilty to Parent Level charges of criminality. It is important that EVERY UK banking customer reads Continue Reading